Bank of Canada supports government spending to stimulate economy

Posted by Richard Kitts on Wed, Feb 10, 2016 @01:40 PM

The Bank of Canada is giving Ottawa more cover to roll out billions of dollars of fiscal stimulus in the coming federal budget.

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, stephen poloz, interest rates, Bank of Canada, The Mortgage Centre, mortgage broker KW, Canadian economy

Toronto housing market continues robust sales in January

Posted by Richard Kitts on Fri, Feb 05, 2016 @11:10 AM

These are the most recent Stats and Articles, that still point to a good housing market for 2016 in the Kitchener Waterloo and surrounding regions.

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, interest rate, mortgage broker KW, housing market

Biggest part of economy growing at slowest pace in two years, ISM finds

Posted by Richard Kitts on Thu, Feb 04, 2016 @10:54 AM

Yet another report points to slower U.S growth in early 2016

Companies in the U.S. service sector such as retail, banking and health care grew in January at the slowest pace in almost two years, adding to a drumbeat of data suggesting the economy has softened

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, mortgage broker KW, U.S. economy, ISM

Tech boom fuelling condo buying frenzy in Waterloo

Posted by Richard Kitts on Tue, Feb 02, 2016 @11:25 AM

In a banquet hall in north Toronto, a condominium-sales event is generating the kind of frenzy more often seen on a trading-room floor.

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, technology companies, The Mortgage Centre, mortgage broker KW, Condominium Market

UPDATE 3-Bank of Canada holds rates steady as currency worries weigh

Posted by Richard Kitts on Thu, Jan 21, 2016 @12:35 PM

No surprise here, when just analysing the Real Estate Market! 

Interest Rates are in the low to high 2% range and this will continue to keep our Market active for First Time Home Buyers, Second Home Purchases and Refinances.  The low Canadian dollar and our modest real estate prices will entice both domestic and foreign Real Estate Investors to assist in the overall growth for 2016.  
Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, mortgage broker waterloo, mortgage broker, interest rates, Bank of Canada, The Mortgage Centre, Canadian Dollar, mortgage broker KW, Canadian economy

New tax rates and tax-free rule changes for Canadians to watch for in 2016

Posted by Richard Kitts on Mon, Dec 21, 2015 @12:29 PM

With Tax time upon us, I thought I would post this article with the changes for 2016 that has some ideas you may be able to take advantage of.

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, TFSA, rrsp, mortgage broker KW, tax rate

Mortgage growth expected to slow as Canadian banks assume more risk

Posted by Richard Kitts on Fri, Dec 18, 2015 @12:13 PM

It’s going to get more expensive for Canadian banks to do business in the country’s housing market as the government seeks to limit its exposure to surging home prices and the risk of default.

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, CMHC, The Mortgage Centre, mortgage broker KW, housing market

Mortgage rates tick higher as banks reverse course on ultra-low rate trend

Posted by Richard Kitts on Fri, Dec 18, 2015 @10:43 AM

Mortgage rates are on the rise in Canada, a trend that could cool the housing market even as the economy struggles to recover from the effects of low oil prices.

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, The Mortgage Centre, mortgage broker KW, Mortgage Rates, housing market

What are negative interest rates and could they affect me?

Posted by Richard Kitts on Thu, Dec 17, 2015 @10:00 AM

The prospect of negative interest rates may sound ominous for the Canadian economy, but some experts say the move wouldn't signal fiscal doom – and everyday Canadians might barely notice the difference.

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, interest rates, The Mortgage Centre, mortgage broker KW, Canadian economy

Frequently Asked Questions: Higher Down Payments for More Expensive Homes

Posted by Richard Kitts on Wed, Dec 16, 2015 @11:49 AM

What is this policy?

This policy increases the minimum down payment from 5 per cent to 10 per cent on the portion of the house price above $500,000. This policy does not change the 5 per cent minimum down payment for properties up to $500,000.  

Read More
Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, mortgage broker KW, mortgages, down payment